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Student property developer completes £12m refinance with bank

Finance, Investment, Property

Student property developer Urban Creation has completed a refinance deal worth almost £12m for some of its portfolio with Hodge Bank.

The refinance will transfer some of the developer’s property assets on to long-term investment finance and releases additional funds to allow for further acquisitions of development opportunities.

Urban Creation develops and manages property developments focusing on student housing and accommodation for professionals in the heart of Bristol.

The refinance with Hodge Bank covers two properties being converted into boutique student accommodation near the University of Bristol as well as two other properties, one of which will also provide further housing for students in the city.

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